What is the name of the mathematical result showing that no voting system can simultaneously satisfy the properties of unanimity, transitivity, independence of irrelevant alternatives, and no dictators?
a. The fundamental theorem of behavioral economics
b. Arrow's impossibility theorem
c. The fundamental theorem of voting
d. The median voter theorem
b
Economics
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Which of the following statements are true concerning the labor force participation rate?
i. The labor force participation rate for women in the United States has increased since 1959. ii. The labor force participation rates for women across different countries have converged to about 50 percent. iii. The labor force participation rate for men in the United States has decreased since 1959. A) i and ii B) i, ii and iii C) i and iii D) iii only E) i only
Economics
The actions produced by arm muscles but NOT by leg muscles are __________.
Fill in the blank(s) with the appropriate word(s).
Economics